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Mercedes-Benz (MBGYY) Stock News, Oct 12-20, 2022

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Mercedes-Benz AG has signed a supply agreement with Rock Tech Lithium Inc. for an average of 10,000 tons of battery-grade lithium hydroxide per year, enough for about 150,000 electric vehicles. This initiative, which begins in 2026, aims to localize lithium supply in Germany and ensure sustainable sourcing practices. The partnership emphasizes CO2 neutrality and responsible mining, aligning with Mercedes-Benz's strategy to enhance its electric vehicle production while maintaining high sustainability standards.

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Apple and Mercedes‑Benz have introduced native support for Apple Music’s Spatial Audio with Dolby Atmos in select Mercedes vehicles. This integration, which is available in the Mercedes-Maybach S-Class, EQS, EQS SUV, EQE, EQE SUV, and S-Class, aims to enhance the in-car music experience by providing studio-quality sound. Subscribers can access a vast library of songs curated in Spatial Audio, as well as playlists tailored for immersive listening. The Burmester high-end 4D sound system further elevates audio quality, ensuring a premium customer experience.

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FAQ

What is the current stock price of Mercedes-Benz (MBGYY)?

Mercedes-Benz (MBGYY) last closed at $11.30.

What is the market cap of Mercedes-Benz (MBGYY)?

The market cap of Mercedes-Benz (MBGYY) is approximately $42.9B.